Ningbo Cixing Company Limited, a global leader in knitting machinery and technology, hosted ‘Cixing Bangladesh Night Products Promotion Meeting’ at the Radisson Blu Water Garden Dhaka on Tuesday.

The event brought together key industry stakeholders, including the owners and executives of over 300 influential sweater production companies in Bangladesh.

BGMEA Fashion Technology University (BUFT) also attended to jointly explore cooperation in high-end talent in the field of knitting industry.

Cixing also signed series of cooperation agreements with local famous companies, including BSKL and Cixing, Knit Asia and Cixing, Bettex and Cixing, NEXUS and Cixing, TWELVETEX and Cixing, and SWEATERTECH and Cixing, which marks a new chapter in the cooperative relationship.

Frank Sun, Chairman of Ningbo Cixing Group, delivered a speech, saying that as the world’s leading provider of intelligent knitting equipment and digital knitting factory solutions, Cixing Group has been committed to promoting innovation and development in the knitting industry.

Sun highlighted the company’s commitment to research and development, noting that their average annual R&D investment in recent years exceeded 12 million US dollars, which has been instrumental in ensuring sustainable growth.

He mentioned that their technology, products, and services have reached a global audience, with nearly 30,000 units sold in 2023 and an expected increase to 40,000 units in 2024.

According to Sun, Cixing products currently account for nearly 30 per cent of the global market share, with approximately 300,000 units in operation worldwide.

He further emphasised the strategic importance of Bangladesh as a major manufacturing hub for the global clothing industry.

Sun expressed confidence that collaborative efforts would bring transformative changes to Bangladesh’s textile sector, enhance its industrial competitiveness, generate more employment opportunities, and contribute significantly to the country’s economic growth.